West Virginia argus. [volume] (Kingwood, W. Va.) 1877-1946, 1887-04-14
REVIEW OF TRADE.
EFFECT OF THE NEW RAIL
ROAD LAW
Summary OF the situation Through,
out the Countrywide Course
or Priccs-ProbabIc In
duo Expansion or
Credits.

The Interstate Commerce ac. cau-c9 qpits
as MUCK disturbance as was anticipltel.
Shipments ia the aggregate enormous f,r
distribution beyon1 Caicago have 70 be re-
billed there; merchants and manufacturer
dnd rates raisel from 81 20 80 per csat on
many distant sbipm9nts; Pc II, lines com
lain that transcontinental traffic IS rendered
impossible unless they are exsmp ed; the a..
VOciaion OF % Southern roads aud lines h.,s
alrea D obsainet temporary exemption. b3-
cause OF con3equsnt interruption OF tram +,
Northern line', competing with lake or Can
adian tran'porters, claim equu need, and
Interior roais cite large shipments Of Il lu-
down the Mississippi because throu "a rail
rates are raised. Coal rates increase COS. Of
fuel 81 per ton about Pailadelp hia; chlnzss
In iron freghts disturb the trade and may
close some furnaces. These are bat a few OF
the diGiculteI whicA the commission Is ex-
pec,el 20 examine, aud In soma way 70
remedy, but the question - how far Il is able.
THE GENERAL sIrUArloN,
General business 1. fairly active. though
dizziness is the complaint at some points TIE
output OF iron for the hrst quarter of 1851 is
reckoned at l.65S.0}6 tons, which is at Ia,
rate OF 10 per cent ovor last years prodIo
ton. Yet present demand Is slack. New
Orleans finds freight handling embarras,e
by labor designations, aud trade is du there,
at Mobile and Montgomsrh active a; b l..
minghom, improving at Louisville. excsps in
ilstilling, and quite active aud hopeful al
Milwaukee since the defeat Of the Llbo,
ticket NJ 1ney is generally ia gooi supply.
through growing scarcs a, Clevelani, AMI
needed at Milwaukee on account OF slow e Il.
lections. Fcon most points )llecs lions are
reported reasonably prompt There is grow.
ing real estate speculation. especially at Gin.
ciunati and Louisville and at o,hsr Western
cities and new manufacturing ceuters at tho
South, Not a few prudent mon doubl
whether there is not an un ius expansion OF
credits, resulting from speculative ACTIVITY
and caution in that direction Is certainly
warranted.
In the grain markets speculation is spas
modic. Wheat has advanced lc; corn "A u
oats changed little; hogs aud lard are lower:
oil had a spasm Of activity for two days, but
closes less than CEN higher than las, week;
tin RECEIVERS little after decline, and cop
per, iron, sugar and wool are unchanged
Coffee has risen 4, end cotton, LILO.
THE FINANCE MARKETS.
Stocks declined sharply when Wall street
realiz d that the long expected disturbances,
in consequence OF the Ilters ato act, hal
actually commenced, and then recovered a
little on suspension OF the act by IN, com.
mission in favor OF the Sou bern roads.
Fiurries Of string .ncy in the money market
have continu,i, but the Treasury has poured
out a 200,t % gold during thu week. 81 CO.,
600 silver. and e. 500 600 legal tenders in ex.
cess of receipts. Is rapid nflltion Of curreu-
cy prevents pressure, but contributes % the
expansion OF credits already noticed. For.
eign exchanges have bsen uudisturbei and
no fear OF exports OF sp.c.e IS felt. Exports
Of produce continue satisfactory, "A IA the
enormous revenue of tle government for
Marcl, greater thIu for any Other month in
N my years, is evidence OF business activity,
though 1t shows how consid ,rabe the attrac-
tion OF currency must b, after July l, unle5s
the Treasury consents to pay q high premi-
urn for bonds no, du,.
The business failures during the last seven
days number for the United States, 1913; for
Canada, 25; total, 223. against 233 last week
and 2l5 the corresponding week OF last year.
Failures In all sections OF the country are
about mp TO the average, except in New York
city, where the assignments number only six,
which we're unimportant.
Four Men Killed and Three Intured.
The boiler OF VIM. Morris sawmim. near
Harrisvi 10, in Richie county, w. Va, ex